American River Bankshares (AMRB) Raised to Buy at ValuEngine

ValuEngine upgraded shares of American River Bankshares (NASDAQ:AMRB) from a hold rating to a buy rating in a report issued on Thursday.

Several other equities research analysts have also recently commented on AMRB. Zacks Investment Research cut American River Bankshares from a buy rating to a hold rating in a research note on Tuesday, February 13th. Sandler O’Neill set a $16.00 price target on American River Bankshares and gave the company a hold rating in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $16.50.

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Shares of American River Bankshares (NASDAQ AMRB) opened at $15.34 on Thursday. The company has a market capitalization of $92.82, a P/E ratio of 31.31 and a beta of 0.31. American River Bankshares has a 12 month low of $12.97 and a 12 month high of $16.49. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.16.

American River Bankshares (NASDAQ:AMRB) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.01). The firm had revenue of $5.23 million during the quarter, compared to the consensus estimate of $5.35 million. American River Bankshares had a net margin of 14.53% and a return on equity of 5.82%. research analysts expect that American River Bankshares will post 0.96 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $0.20 annualized dividend and a dividend yield of 1.30%. American River Bankshares’s payout ratio is 40.82%.

American River Bankshares announced that its Board of Directors has approved a stock buyback plan on Thursday, January 25th that permits the company to repurchase 310,000 shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In related news, COO Kevin Bender sold 4,878 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $15.01, for a total value of $73,218.78. Following the completion of the sale, the chief operating officer now owns 13,473 shares of the company’s stock, valued at approximately $202,229.73. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 12.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in AMRB. Maltese Capital Management LLC boosted its position in American River Bankshares by 23.5% during the third quarter. Maltese Capital Management LLC now owns 498,813 shares of the financial services provider’s stock worth $6,904,000 after purchasing an additional 95,004 shares during the period. LPL Financial LLC bought a new stake in American River Bankshares during the fourth quarter worth approximately $278,000. Hilton Capital Management LLC boosted its position in American River Bankshares by 83.8% during the fourth quarter. Hilton Capital Management LLC now owns 30,055 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 13,700 shares during the period. Dimensional Fund Advisors LP boosted its position in American River Bankshares by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 354,059 shares of the financial services provider’s stock worth $5,137,000 after purchasing an additional 10,030 shares during the period. Finally, Cutler Capital Management LLC bought a new stake in American River Bankshares during the third quarter worth approximately $138,000. 51.09% of the stock is owned by hedge funds and other institutional investors.

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American River Bankshares Company Profile

American River Bankshares is a bank holding company. The Company’s banking subsidiary is American River Bank (the Bank). The Bank’s primary business is serving the commercial banking needs of small to mid-sized businesses. The Bank accepts checking and savings deposits; offers money market deposit accounts and certificates of deposit; makes secured and unsecured commercial loans, secured real estate loans, and other installment and term loans, and offers other customary banking services.